The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 10, 1906, Image 11

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Josephs'!uvelyI THE GEORGIAN’S RECORD OF MARKETS AND FINANCE Mr. Lively's 2R yeara* experience editing market* In Atlanta and the South linn nmdt him a r#c. ofnlx^I authority lu lq* specialty. WEEKLY REPORT MILDLY_BULLISH jjjALL ADVANCE FOLLOWED ITS PUBLICATION, ghorts Getting Nervous and Show- icg Disposition to Cover. r* otton market for future* allowed a ukt i*prureo»eat today. t hough up to ‘ the advance wan email. ft was found that very little f r «*nl* , 1 and an a<lvuu<e of point* was eaally brought MMrthlBC definite occurs to Induce the out- S; te make ventures this condition la m«iy to routlnne. AfLcM. 7t ia'not likely we tvlll ibj fertons crop dlanater, but It la Se decided deterioration could take , and as wt nre entering the moat 4| period for the crop, It Is highly F ' bable we will have some crop scares tie near futnra. Tt . New York Commercial says: •There la quite « heavy long Intereat out ta this market—larger perhaps than Is M.rallr I>elleved—and this interest la nrlnt for weather and weevil to let It ■t In the face of the fact that the rcather Ima l*en ao favorable for no long It li wrprlalng that a more determined ef- Lt has not l»<*rn made to force these longs ii rover; the bear*, however, seem oon- L :t to alt hack and allow the weather n tradnallv force prlcea down. If thero k to t* mi bad weather nt all from this L. on there can be no doubt, of course, that tome day the bulls will have to ge* *t and that they will then break tin et by the liquidation; on the other v,jV a spoil of had weather and plenty ifveevll talk might let them out wltUput t glowing.*' ltUpnt .. Jaai 1 the fact that com the crop reports are *POT COT1 ON MARKET. lork-vuwi, »*.w. lew Orleana—Hteady, llHc. jrerpool—Steady, HOd, Auftiita—Steady, hvannah—Steady, It. Dmla-Steady, It LIVERPOOL COTTON MARKET. .1. July 10, 12:15 nn. uriunnd limited, With i» ■Mtlllng upland* 6.10; sales 5,W . if#: inoculation and export 2,000; receipts BAO; American 3,700. Fitnres opened quiet and steady. sly s'jr-AugusI lipitBep IWL4t C t. . Ort-Nov. . Xar.-bec. ■-Jan. . •Feb. . 1 q Opening Previous Itaoie. Close, Close, ....S.ffUUS 6.83 6.80 , .6.765.77 5.78-5.79 5.75 6.M-6.58 6.69 5.08 f. O') 5 M r.. nr. ....6.574.59 6.C0 6.61 6.614.63 6,574.68 . .6.604.63 5.63 6.69 TODAY'S PORT RECEIPTS. «I£RT ft CLAY'S DAILY COTTON LETTER X,* Oriaan., July 10.—Advices from “'trpool w.re more favorable to lilgli- nu”! ,h,n * IM recently been the Md options on the close recorded Li . . of 4 Points, while spot pules "“tslnm the average recently estab- otat“ m ' ly ' 6,#0# baIcs ' Rt a Ioss of ij'* chen.es In the local market unimportant. but the tendency •S,*?**” 1 In anticipation of a bullish ■•tiler report for the week, which, e , * r 'heln* about ns expected, fall- " to Influence market prices. Even ieLMSf nc ' at ™ ,n In the Atlantlcs, ywdlnf to today’s map, llkewlee fall- S," ceu.e any bear activity. This ... ,lf the market to respond to Jr? vttHl Influence. I. primarily due "• exceedingly small proportions to fide Interests have fallen. * . p * ccou nts heretofore have been, , v »ry nattering, but from leeJH?*,** ** r*P°rta are now being a?.’*; '•enotlng less confldence, re- aoin. * n * ,c *“ of moisture In some “ n <l the renewal of boll weevil tm.. n "estsm localities conati- .complaint* The crop’s crlt- ’ ** hand, and the closest ?* tt. progress will be ob- ^ An , Increasing of Interests Is rj»ni*ndlng ss the new cotton .... "* appearance, and we arc in- JJ^to look for a corresponding ™- Kr?**, of epeculatlve activity In future. Ju 'T 10.—A small nar- Prevailed today almost en- tJ i.,° ut feature, unless the de- ‘"t'r-Metropolltan was con- iv „7, " e *•»«*• broke rather KJJ n<, *r pressure, which was not E*;. J h « trading In the prlncl- ' iuiS 41 >“ure was on etrong sithough restricted In volume to NEWS AND GOSSIP Of the Fleecy Staple. Private Wire to Ware & Island New York, July 1 ’ -Colton opened ou|e, and .tcndir with eoimnl«.l„n hVm.ee fcibt •**•*» «nd locals also dlaposed to self at n w'K r ‘ 1 ' Vll,0[1 Ju,t '“'red 6,000 August. I.Irerpool cable,: account, somewhat leu ftvorable Inntlf* slntas ** say,: “UesTy genmflUns over This section; no worms oc weevil complaints. Crop prospects ars excellent." not to bo expected at this time. New Orleans, July Id—The weather map Is favorable. No rain Is reported Id the Atlantic, nut showera are reported In the western belt, where they will do good. Liverpool was due unchanged to 1 up r Is 12,644 bales, against 15,061 last year. Fnn Antonio wires: facing the southwest Is tog . __ __ the enormous crop In sight. The plant _ so far advanced and so heavily fruited that pickers will eoon be In greater demand than ever before. Private Wire to Glbert A Clay. New York, July 10.—The Journal of Com merce says: “Buvlng for the first of the —a SMI ‘ ‘ plsv o mouths trndo now that Inventory" periods have shown a healthy condition ninoug sec ond hands. "Requirements for Immediate consumption keep n number of buyers of stnplo cotton busy In the primary markets looking up snot goods, and even though thero Ir slight lull from the active operations . the past two or three weeks, it le not believed that buyers have Covered their wants any further ahead than August nm within n short period will again he forced Into the market." _ m i and 'was bid In by W. P. Brown. Tho pro- 1s, as well as the amount raised by pool, will be turned over to the charity hospital, Battw, Als.. wires as follows: "Good rain last night; did not come too eoon." Market ehowa eome little atrength on account of shorta covering and eome fresh buying In anticipation of the naual bullish weekly weather report. Central Texaa wires: "Nsw complaint of oil weevil from reliable peoi * * “ Damp, cloudy weather preval ... 661 A — Louisiana. Cotton generally fine: stands excellent; acreage Increased and the pros* tt— the eastern belt dry. Opening prices show the Influence of sach excellent con< dltlons. Tho western - ... Uirougbout tne section tonight and Wcdnei- "Yh e eastern forecast Infllrnte, fair iveath •lent not experienced for mnny WARE A LELAND'S DAILY COTTON LETTER Net, York, July 10.—The weekly wentber report wn« In practlcsllT all respect, fa vorable. There barn been mneb addet rain, In Toxos, and while some section* of the Atlantic state, ,bow too much rain, there I, warm clear weather there now, and tho plant 1, In good condition. There vii nothing really unfavorable In the report. Thero wii practically no sec tion talking of ilnnuute. When compered with the usual weekly at this eenson of the year, the report win exceedingly favor- aide. Ilut the market filled to more In either direction. The short soiling early In the Usy had been »ulIlolently extenslvo to lead professionals to cover on the ad ranee, nnd this started an advance o| several point,. A large amount of cotton was taken from tbe market early, and ' ed, — — too r lnta to bring , _ to nbsence of any marked de- lire to eell. As far aa crop new, went, report, were generally all that could be desired. I'ntll aome untoward development la eeen, the market la likely to eentlnne narrow. There le little preaeure at the m«- m nL'w York, July 10.—The etock mar- it waa , dull. Irregular and uhlnter- estlng nrtalr thl. Afternoon, following aome Uttl. Activity, but within frac- tlonal limit, during the morning trad ing. The operation, of the room crowd seemed to predominate, and the large Interests remained Inactive. Tbe dig- poaltlon to await the crop report wa* manifest, while the attendance In the street was perceptibly curtailed by the dullneaa. Tho outlook favor* a main tenance of the trading portion, but with a preference for the long »lde on the reaction., which will give moderate return* to active and alert operators. The money eltuatlon le etill reported ae being Improved, and we see no rea- aon for believing that the market will meet any amount of liquidation at present levels under eglstlng circum stances. so that any feature develop ing calculated to stimulate nervousness on tbe part of tha bean would be like ly to bring about an advanca of eev- eral points, where eome etock would undoubtedly be met. Several asso ciated Standard Oil houses recommend f lurcbases of good stocks on recessions, ntlmatlng to clients that Improvement will take piece In the not distant fu tore. Conservatism will repay •*■ daily trader. tha weeks past. The action In the marktft in the afternoon Immediately afur the government report was,disappointing and gave no indication of support, and. In fact, It would aeem almost aa if the market had been eold heavily againat since Saturday. It would ap pear almost sure that In today* break In sterling gold Import* will folHrn, and that money will continue fUrty plentiful, but there la no present evl- dence of .change of eentlment from that which prevailed about the Urn* conntu adjourned, and th# will require aome strong leadcrahlp to reinstate confldence. GIBERT A CLAY ■ ALABAMA ST. STOCK*. BONO*. COTTON. OBAIJk cortex, provision* ATLANTA. OA. ^ tw? ExchaagelNew Ortcsn, Cotton Exchaagv.ICIr.cafO D««dl»f Uul •"« Una Dl.t.n.r'rJuphinTszVfc R- FAGAN, ManAjerv WERE VERY SMAL TENDENCY WAS TO SAG DUR ING FIRST HOUR. Early Declines Ran a« High as One to Two Pointe. By rrtrat. Leased Wire. New York, July 10.—Barely any thing worth recording happened In to 1 day’s early market. The only feature at all tvaB A further contraction In the volume of business. ibr> total transar ll'ins fHllIng to tbe lowest ebb In a long while. The reason for this was eaally apparent. There was no eelllrg of con sequence, neither waa there any buy Ing, and those opposing characteristics were so plainly stamped upon the deal ings that even the professional traders abandoned the market In disgust. Prices vacillated between atrength nnd weakness without any real movement either way. In the first half hour feeble effort was made to get stocks down, but us has been the rase for several days, no liquidation was brought out, and when the early sellers tried to recover the stocks fold quota tions went back to where they had come from. The stock market opened dull nnd Irregular with the Initial quotations showing small fractional -fluctuations In either direction, the changes rang ing from 1-S to 1-1 per cent. Beading Opened I-l higher, (Irent Northern and MortMra hue up l-:. After tho opening trading the mar ket turned weak all around. New York, July 10, 11 a. m.—The market during the first hour wa* sag glng without significance - or Impor tance to the price movements. The dullness, although natural for the sea son of the year, was regarded will dissatisfaction by the room traders, who found It hard to causo enough lm presslon on values to allow them to make fair profits. After they had sold stocks early, causing declines of 1 to points, moderate buying by them selves caused a general recovery. Lon don was as dull as New York nnd arbl trage brokers ceased cabling soon after tho opening, saying there was no op portunity for them to trade. GOVERNMENT WEEKLY REPORT OF WEATHER Alabama—^Montgomery) Moderate tem* pernturos prornlled. Tno firat half of tlio week was fair with ample sunshine. Thai ■econd half waa partly cloudy to cloudy, with showers In eastern counties nnd ralu m excessive at n fow wldelj . jits. Rain Is needed over the I western half of state. Arkansas—(Little Rock) The days were moderately warm and the nights mostly cool and unfavorable, the mean temperature being below normal Beneficial showers oecnrred ex|iafcfiflMHMlMMa|Md whore more waa considerably below normal, except In Monroe and 8t. Frnnrls counties, where It was above normal. Georgia—{Atlanta) Tho weathor was eaaant with temperature slightly s.ormal. Showers were general on t! 4th and 8th; In the northern half of tut state on the Ctb nnd 7tb. There Is amph moisture, most districts receiving rainfalls ■North^aroMna-GUlelgb) The preclnlta on was much nbove tho normal. Fro- ■bent rains, excessive In eastern nnd cenl tral districts, caused considerable damage. ISunsblne Is needed. The temperature aver aged from 1 to 3 degrees below normal. Oklahoma nnd Indian Territory—(Okla homa) Cool northern winds prevailed. The South Carolina—^Columbia) The mnshtne and temperatures wero below normal. The ** was slightly above normal * ted localities receiving ex 11, while over small areas tbe rainfall was bolow tbe average. All aoc- a still hm ample moisture, ulstnnn—(New Orleans) Tho week open- ... with general ahowera, which were heavy In some localities. Light arnttered * iwera occurred at the close of the week, ; rainfall was deficient In most esc tlons. Th# teropernturo was about nor. mat In southern portions and below In northern portion*. Tho sunshine was nboro .S^e P, »« U .Mh°..7J.7n^ of the week w,s elourty. a few heavy .Unwer, occurring, but rainfall wn» ecu- rally light nud ,catt,r,d. Italn la needed many localltlea. 'exaa—fOolreaton) The 1 r cloudy and nnnaoaly week wa, ir-ner It cloudy and unuauniy cool In weatern „,,,l northweatern countln,. abowera occur ring In nearly nil count!--, rainfall being heavy In Illo tirande valley nnd In cen tral and aoutbweatern aectfpn,, »nd gen erally below the overage elsewhere. S» rero thuod.r»torraa ocenrerd on Monday and Tneaday In aeraral countlea. Tenneaaee—(Naahvllla) Tho week waa cool with local ahowera generally light, but heavy In a fufc Inatancea. »nd af- lordad euindent moisture, an n rule. In eastern and northern aeeuona. The went- ern anil aouthern portlona of tho atat. g.n- erally art very dry. FAVORABLE WEATHER CAUSED THE DECLINE New York, July M.-Tbo Bun aaya: email decline waa the reanlt more of gen erally farorabla weather than anrthlngelae. The liquidation and abort sidling, how- over. were email, few-' * 1 early covered before era i, i, and enegta, id. If I re porta that I badly In the rrmber to aa rketa were firm, ■rih anr tho tn vlalt- warki henry rain, ha , where they are certainly there I, nny trulh nt all In t the crop In thot »tnto I, pretty he grau. Liverpool bought Itc- eotne extent. 1.,-adlng bull, ere _ ivo bought uctnh.r nna ,old f»e- cemher. A commlMlon house here I, ro uted to lw nlout te *hlp a,000 to UL- ) bale, to Netv Orleans to deliver on July contract* . It le u waiting market The crop Is believed to |>e doing well, but even the more eengulne bear,, fearing that some thing or other may happen te It during July or August, are, therefore, not Inclined to take the uggreaelve et the present time.”—Albert * Cley. (rw Orlesna.- July Id—The Ttme, t).nio- erat: -'Yeatenuy'a cotton market smolder ed. There waa very little rvlilrno- of life anywhere. The rumored shipment of July tenders to New Ortesn, from Sew York was not a reassuring outlook for local July tonga. The situation Is undergoing no change of consequence, other than Hint oc casioned by the ar — * 1 —i I rurrent msnlDulttt belt fnrorahle crop eondltlona obtain, but exceed re moisture ha, rendered tbe re- I tinder peculiarly aaweptlble to weather mage. However, tt the moment tbe _,gnltude of the trade Intereat In the new crop matter, little, current M log very nearly at a standi nlntlve trading lacking inducement.''—Ware * Lei and- RANGE OF NEW YORK STOCK MARKET 1 , I fl'g (Prer. Open High Low. |(YaM IiT.I.hTm .\innlanmnti‘<l i*t>i*p<»r AtlailtlC Collet 1.111** Amcrlrnn Sn^nr Refining.. Anncomla American Locomotive...... do prcferrc«l erlci ~ “ Jo i Atclilso llnltlmore am! Ohio....... lir.M*iaivu Knpbl Transit } I 'n iin11 In i» Pacific - 'hlfng" ami Northwestern 'ht-KHpt'iik*‘ nud Ohio CUHgOL _____ Dolnwarc a ml llmlson.. DlNtlller's Securities do preferre*l General Ktertrlc Illinois Central American Ice Securities Loulnvllle and NnHhvllle Mexican Central v**”* Missouri Pacific. tee..*** Now York, Ontario aud Wastern National Lend Northorn Pacific.. New York Central.... Norfolk and Western,* ******** ••••••< •nntylvanlft conle'a (lai. u ***** - Teased Htcel Car ••• do. preferred...,...*.**.,..**•..*... Pacific Mall...., Republic Steel Rock lAtand do. preferred......'.............a.... UnltM State* Rubber.......... ..)«4«*«* ilo. preferred Rout hern Pnclflc.,,,,. Southern Rail way.,,, do. preferred........**........ SIoss-Hlieffleld Tennessee Coal and Iron*....••••• Texas nnd Pacific "nlon Pacific....... _nlted State* Steel....*, do. prefer rod....,..,,, Virginia Carol!nn Chemical A. do. preferred Western Union... Wabash do. preferred............. Wleeonaln Central do. preferred.... RANGE OF THE COTTON MARKET AT NfW YORK. Th. following Is th. rang. In cotton futures In Now York Imlar: La,f rrevlona Open. High. lov. Sain Cloae. rilo.e. 10.”3 10.16 10.SI 16.JH4 10.1, • u '$$ a p m m£» & in.M 10.41 10.28 10.4*1 10.40-41 lSrt-a 10.38 l'U-» 1038 10.4- ib'. A0.ft gS 1046 1046 joSljJ 10M-* IclL .1046 10A9 10.46 10,69 109M. 1046-46 Closed firm. TIPS FLASHED From Wall BtrooL rrlrato Wire to Olbort & Clay. Now York, July 10-Dante (blell ft Cot Wo do not fed luatlflcd In taking nny position other than that this le a trading market with • tendoney townrd specialty and Irregular lmprovamant, ami that It should be bought for turn*, at leoat c ronotlona with tho luiltvldiml mWh lowed closely to lie In accord with fcHlonnl oporotloua which constitute tno best guide now." Marshall. Spader A Co.: "An almoat total ok of now,, whlcii could ba of market .jflucnc. this morning, la a feature of tho news columns nnd comnifDt. It woiiici ap- iear that between tho henvlnen of Lou Ion and discussions of til# monetary sit- latlon. joaterday'a market beenroo n dls- ppolntment to Intereeta working for an advance, and tbe absence of outside aujjj port became too obvious to be disregarded. Tho banks have lost 11,898,000 through snb- maaory operations alnro Friday. Jno re marks attributed to Mr. Itoger# Ini The Herald this morning roflect tho attitude or these Intereala os far as can bs jmigea from stock market trailing for some time ost* anil also the attitude of many other l If we are to Jndf# by th# market alone. The question ■ ndamentals strong enough to offset the Influences suggested, snd how long will It toko to wear off the effect or this Invasion of confidence# . ptown sentiment: In spite of th# ffir#f*| able business conditions throughout the country and the prospect of ngc crop., men who are watching «he mar ket rloMiy her. ar. Inclined to bcllcv. that It will bo altractlv. only to tmdire fur acme little time- Whlla It 1. still 1 1 r - dieted thet price, ar. going very tnu;-h lower, th.i prevailing opinion la that the fluctuation, will not be wide lu cither direction, and that unlr.a some new ad- Tcra« factor develop*, th. tendency will I be toward gradual improvement. rrtvate Wire to Ware ft Lfland. New York, July 10.—London Arm. Government report this afternoon expect- - to b. bullish on stocks. Press representative 8t. Paul has mado 100,600,066 loan In Paris. Sentiment somewhat mixed, market I, Ighly prof east onaL but whenever break, „ke pise, would faeor taking on the • tot-lilt for l or 3 points turn. Wenlthy In terest, *ro aa * “ only, but will Action of Bt. Pa-d does not rellact any effect of any loan being mad. abroad. Market Is under professional preatnre. Think welt of Atclilunn. Mlaaonrl PaolOc and Baltimore and Ohio on breaks Vl.comt. Henri Marl. d. Andre*, a balloon enthusiast from Paris, who la traveling In thl. country, ha* Id.aa about dressing. He hold, that In a few years men will be wgarlng bright-col ored everting clothea. He ha. begun the reformation by appearing In gray brown after 6 o’clock. AT NEW ORLEAN8. Last " ’ Previous Open. High. Low- Sole. Clo«». clime. July .lu; il.flf 10.97 11.04 n.0107 10.9496 Aug. .10.67 16.8 16.67 10.66 10.(748 |6. Boot .10.45 16.46 10.43 10.46 16.4749 10. Gel. .lS.S 10.66 mu 10.33 10.6334 10. Nov re, ..re. 10.14-16 II). Dec. .10.24 16.17 10.61 10.16 10.6M6 10. «»-. ?. 0 :!? ^ ?°:!° IS: Mrh. .10,48 10.13 10.43 10.63 10.6866 10. Closed steady. COTTON 8EED OIL MARKET. Nsw York, July 10.—Tho markot for cot ton seed oil was quiet during tbo early trading yesterday, with somo strength July, which ahowod an advanco of He from last week. Tho lata positions wero about unchnngod with tbo undortono firm. Thero aermed to bo very Ilttlo spot oil offered. The demand for export ahowod aomo Improvement and tbs strongth la lsrd had a stimulating effect, but somo traders still hold a bearish view of tho situation on account of tha favorable prospects for tha cotton crop. Tha mnrkot at tba closo waa quiet with prices unchanged to Ho higher.—Ware ft Ireland. Oonqlof. Close. July **•*• frMfllf 7 August ..„,,*•,*•*.•*••• S7f “ Septomber 17 Octotor 34' November 33 December 31 Closed steady. THE METAL MARKET. New York. July 10.—At tha metal ex nngo copper was reduced Hr lu tho nuk ing price for eloctrolytlc. Other grades unchanged. Tin down Ho further for spot and nearby rbdherlea. Lead and spelter unchanged. NEW YORK COFFEE MARKET. Ainn'Q * SirtiR Anri I 6.964.96 ilk ::::::: TO July August ..**.... Beptember October .................. November December ................ Closed steady. SOUTHERN EXCHANGE Oldest Established Office South. COITOH—STBCM— BOROS —MAIM Ground Floor Oould Building. Daily market l*-tt* r nnd murk,' nmiviul mntled on application. L. J. ANDERSON & CO Bankers and Brokers, COTTON, STOCKS, CRAIN Correspoodsat’s Capital $250,000 neruiENCc. the ncal bank PHONE I4IT. PHI J OK NT IAL BLDG cottonYg(m:^, ^ro^isio^sSt^^xjPbonds, ffs. 3 Wall St., Ntari Balldlaa, Altaala, Ca. UtmtlfS: !- PIEDMONT BROKERAGE CO., (Inoorporatod.) Basement Floor Piedmont Hotel. OTOCkt, BONDS. MAIN, PSOVISIONO, INVESTMENT*, Fast Wire 8ervie# from New York, New Orloane, Chicago. COPRESPONOENTS H. «9. BACK A CO.. 42 BROADWAY. NEW YORK. BV. BOTH, ilaaagtf. Local and long Dlttaote Bt'.l Plata 1391. NOTES ON ORiUN Polntors on Prorlalons. Private Wire to Ware ft Lclaml. Chicago, July la-Cmiti an let of t by tho country yesterday totalled i i,i00,0u0 buahela. Uno prominent coi bought m«»ro wheat on nda yesterday ever before In Its cxporlencu. The <i«i Hue of 6«? per bushel, iiistesil of qhocklog tho nfrerlngs, Is Increasing them, .'tpccuiators will bu unable to support price* anti* get to an export basis, or uulcss tbo u weat develop* a crop oeare. la confined to local traders, outlook It teems danger) day at 60c. on both harfiL . ... about lVfcc I rslns In tbo somU chief owners of ip ore ()#■■ and soft wint« .•ii.. H'Rt having eattMu tt heat to withdraw 11 pressure to aoqi# extent. Thnso exporter . however, bolleYBl that flour whs i»elus‘ rked for export, ns freight — miller u dlstlurt advantage. Another large buyer bore predicted thnt would be ss high ns two cars here day noxt week. aidant James 1'otUtt, of the Tesvy pony, had reports from tho that tt\ero wnq nothing of riulneg ““ lm- (Jin 1 n Coi hwest ivorable sort that results In that foctlaa, ___ thnt crop conditions could hardly b proved upon." Private Wire to Ware ft Lelsnd Chicago, July 10.—The wheat L_ tluues to be il4>pr<'«ii«d h> weight of the new cron movement with millers and »*v portore digpoaafi to hold off so lung ns de cline continues. Auy little bull ucwi Rtendy prices would »huw the sttuRtl"ii now aid no* ("hlrngo Inter <».*,.*ur 'I he g"\erumnit crop report Is due at 1 o’clock Chleogq tliuo today. It la expected to show Uttl n winter wheat, a loss of 3 to m ii spring wheat and 1 to 3 on oats’since ast month* Tha first report on corn this •osson will 9 given out. It if expoctod to show a condition betwoen 85.6 and 87. and nn acreaga of over 95,000,CfA. Lnat year tho comlirion was 87 3. ncrenao 94,000,000 and ron 3.644,000 IiiihIums. whlcii wan lucroosiMl ,709,0'W bushels In final returns, tho con* dltton Impimlng to 0.2 (n October. A report on farm reserves on wheat July t will be made by the government Ibis afternooa. Last year it was 4.4 per cent, or 94.367.000 bushels. Tills yoar It I# ex* pected to bo 6,ft to 7 per cent. The former will represent 46,000,000 bughela, Cumparu* tlvo figures: .Tune, June, July, Crop 1904. 1'hjT., 1906. l'.in;. Winter wheat..Kl W.6 82.7 Ilf.ttiOOO Spring 93 93.7 91 384,000,000 93.9 63.1 illy In store. 10,000 #1 le over fteptem* red at 2c Including ■ hnrd at 2c under Jul msbela No. i northern «L „ »«r In store and 10.000 No. over Heptsmber f. o. b. Hales of corn were 100,000 bushela and oatn hO.OOO. A Ilttlo o^port buffie## In wheat was closed In Duluth nnd Knusas City, but the details wero withhold. Tno sonhoard reported no business. Char ters were made for 2«X),000 corn at lVkc to Buffalo. "Russia will rolso 700,000.000 buxlfels whent this year," said a cable from no Odessa correspondent of Watson ft Co., of Minneapolis. It came tu reply to on Inquiry about the crop. ^The figures Indl yonr. loss of 44,0 bushels from last OPENED STEADY TO SHADE STRONGER ORDERS TO BUY CAME FROM ALL DIRECTIONS. Due to Dry Weather, Light Re ceipt* and Better Cables. Or Trlvat, Lsnaad Wire. Chlcngo, July 16,—Th* govemmsnt July report Indicates a whent crop of 279,000,000 aprlng nnd 431,006,000 win. tsr or a total of 710,000,000 bushsl.; corn 3,456,000 anil oala 314,000,000 buah. •I* Condition of .prlng wheat waa ,1.4 and winter wheat 86.6. Corn 37.6 and oata 64. A month ago spring wheat waa 93.4, winter wheat was 33.7 and oats 86. Wheat rioted l-4«6-8o lower; com l-4Q!-ic lower, and oat* i-a.- lower to unchanged. I’rovlilona w.re higher—pork 171-10 30c, lard 10c and rib* 7 1-to. Ca.h .ale. at Chlcngo, 10,000 No. 1 red winter wheat at 3-4c over Septem ber In .tore; 8,000 Now 3 hnrd. 23,000' corn and 10,000 oat* Logan ft Bryan eald: ”I» look, as If tho Northwest wo. shirting It. short' S.pt.mb.r wheat over to December, aa that action hna bought September and sold December wheat.** CHICAOO GRAIN MARKET. Tho Chicago groin market renged ee foL.' Iowa today: WHEAT— % •: n U conN-^ S-:: H8 _OATB- July. i-r. Dtc. LARD— July.. 17.71 H.pt, . I7.nl4 H h Jan. ..14.1 BK ?2 4 0.06 9.10 »| 16.06 mh m 49H mt & 33H MliJ .1.76 18.60 17.’.’!'i tt.4344 14.96 14.9:3 77% ns July. kept, Ort. BtDibB July. . s< pf Oct. fi.96 9.06 9.10 8.97J4 ».12% 9.16 9.1214 9.M 9.26 17 17% 17.171, 14 IK 8.87% 2-454 GOVERNMENT REPORT ON GRAIN. rendition of winter whoat 86.6: lost year 82.7; aprin* whoat 91.4. nar , “-‘ Torn 37.6. la at yoar 37.3. Oata 84, lift year 92.1. ii oc n; in; aloat 91. THE SUGAR MARKET, Prlvata Lcnscd Wire. Jew York, J(‘ iugar markot# ! «lon licet uiarkot steady; July 8a 44d, and August 8s 4'VI. THE DRY Q00D8 MARKET. Prlvata Loaaad Wire. Jaw York, July 19.—A general Improved condition waa evident lu the dry goods iinrket today. Fall dress goods buyer* are stronger to aome extent, except coorio yarn brown goods from Jty cents a ynnl nnd standard good a down to tha heaviest makes. Homo changes In these may havo to b* mado i*pt. . 0.47% 9.52% ct. . 9.27% 9.27% CAB II W11 If AT— WO- J red wheat 7*UCf79; No. 3 red 78; No. 2 hard 7'.' ? 'ffil»: No. 3 hard No. 3 northern sprlug NORTHWEST cTrS. Th# following figures glv# tho northwest care today, last week nnd Inst year: ^ . Last Lnat ... „ Today. Week. liar. Minneapolis V>h lu 121 Dalato 75 92 1} Chicago lf.» 13 77 PRIMARY MOVEMENT. Th* following figures gtv* the primary movement of wheat nud corn today; 1 Whent—Receipts (68.000 IuihIicIr, against , 4fif».ooo l«nt y«*nr: •hlpmcuta, busbeis. I against 372.0O<) Uet V4»«r. -I <f.rn-R**<Hpts, fi43,000 litiahnla, against 1 740.000 bushela hmt year; shipments, M4.009. 1 ngnlust 313,000 last yoar. ' CHICAGO CAR LOTS* Wheat Corn .. Oat# •• Hog. . Today. Tomorrow, j 169 III / 426 207 . J09 ‘ M,600 15, m LIVERPOOL GRAIN MARKET. Wheat openeil % lower; 1:30 p. m., unv Changed t«» lower; dosed U to ^ lower, • t’orn opened H lower; 1 30 n n» . H to Si 1 higher; closed lower to H higher. 1 r ATLANTA NATIONAL BANK ATLANTA, GA. C. E. CURRIER, Prreld.nl, A. E. THORNTON, Vle*-Pr**ld«it. H. T. INMAN, Vl6«-Pr..ld.nt, GEO. R, DONOVAN, C..hl.r, JAMES S. FLOYD, A.i't Ca.hl.r, Capital $500,000.0* Surplus and Undivided Profits $500,000.00 We Solicit Your Patronage. HUBBARD BROS & CO., Sin Atlanta Offices, 219-221 Century Buildinif. Member* New York Cotton Exchange, New Or leans Cotton Exchange, Liverpool Cotton Aaao* clarion, Chicago Board of Trade, New York Cof fee Exchange, New York Produce Exchange. Business solicited for the above exchange*. Direct wire service. Correspondence Invited Phones 454, Long Distance 39. A.S. Huatace, Mgr. WM. L. TEEL, rrerident ROOT. F. MADDOX. ViceTree. TIIOH. J. PEEPLES. Cashier. JAB. ii. LESTER, Ass t Cashier. MADD0X-RUCKER BANKING CO. CAPITAL SURPLUS AND PROFITS ACCOUNT* INVITCD $200,000.00 $500,000.00 We invite accounts of individuals, corporations, banks and bankers and offer tbo best terms consistent with conservative banking. Xn our Savings Department we allow Intereat at th# Rate of 3 1-2 per cent. Compounded SomUAnnually.